|All Time High:|
|Market Cap: |
|The price of #DAI today is $1.00 USD.|
The lowest DAI price for this period was $0, the highest was $1.000, and the exact current price of one DAI crypto coin is $0.99972.
The all-time high DAI coin price was $1.14.
Use our custom price calculator to see the hypothetical price of DAI with market cap of BTC or other crypto coins.
|The code for Dai is also #DAI. |
Dai is 5.9 years old.
|The current market capitalization for Dai is $9,356,458,661.|
Dai is ranked #11 out of all coins, by market cap (and other factors).
|The trading volume is large today for #DAI.|
Today's 24-hour trading volume across all exchanges for Dai is $67,487,871.
|The circulating supply of DAI is 9,359,045,406 coins, which is 86% of the total coin supply.|
|DAI is well integrated with many pairings with other cryptocurrencies and is listed on at least 129 crypto exchanges.|
View #DAI trading pairs and crypto exchanges that currently support #DAI purchase.
More Dai (#DAI) News
|DAI Emerges as Third-Largest Stablecoin, Overtaking BUSD in Market Capit...
Makerdao's DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has officially declined to $4.304 billion. DAI's market valuation on Friday, June 16, 2023, is approximately $4.394 billion, but the number of circulating DAI has decreased by 5.7% since last month.Stablecoin Rankings Shuffle: DAI Ascends to Third-Largest Stablecoin Position
In May 2022, terra usd (UST), now known as terra usd classic (USTC), decoupled from its $1 parity, causing its value to plummet by over 98%. As a result, BUSD emerged as the third-largest stablecoin asset. Additionally, the stablecoin token issued by Paxos held a position among the top ten largest crypto assets by market valuation for several months, until February 13, 2023, when the New York Department of Financial Services (NYDFS) instructed the company to halt the minting of BUSD.
Since then, a substantial amount of BUSD has been redeemed, with data indicating that approximately 11.8 billion BUSD has been burned following the NYDFS order. However, up until this week, or around June 15, 2023, BUSD continued to hold its position as the third-largest stablecoin. Today, that is no longer the case, as DAI has officially taken its place as the third-largest dollar-pegged token, boasting a market valuation of $4.394 billion.
BUSD's present market valuation is approximately $4.304 billion, which is approximately $89,993,165 lower than DAI's market valuation. Furthermore, DAI distinguish...
|Stablecoin Race: DAI Surpasses BUSD Amid Binance-SEC Regulatory Row
DAI stablecoin, with a circulation of around $4.6 billion, has surpassed BUSD amidst mounting legal troubles for the world's largest crypto exchange, Binance.
The market capitalization of BUSD has declined to $4.3 billion following the regulatory drama that started earlier this year.
According to data from CoinMarketcap, BUSD circulation is down over 70% since the beginning of the year. During the same period, the circulation of DAI has also retraced but by only 20%.
BUSD was launched in 2019 under the umbrella of Binance’s 'Project Venus.' Although the crypto exchange does not issue the stablecoin, it has been on a downward spiral for several months now.
The first major blow to BUSD's trajectory was Paxos' move to stop minting the stablecoin at the end of February at the direction of the US New York Department of Financial Services (NYDFS).
In March, the Commodities Futures Trading Commission (CFTC) filed suit against the exchange for improper licensure and offering US consumers the wrong financial products.
The subsequent lawsuit by the SEC against Binance forced the crypto exchange to delist eight BUSD trading pairs from its margin trading platform.
While BUSD has shown impressive resilience in the face of turbulence as it managed to maintain its position among the top three most dominant stablecoins for several months, however, the recent surge in burn rate finally pushed its supply below that of DAI.
Zooming out, the persistent regulatory attacks on the industry h...
|Makerdao Considers Significant DAI Savings Rate Hike: 3.3% on the Horizo...
The Makerdao collective is currently immersed in a discussion about the potential rise of the DAI stablecoin's savings rate to 3.3%. This suggestion was introduced by Block Analitica and revealed to the community on May 26 under the title 'Stability Scope Parameter Changes #2.'Block Analitica Proposes Raising DSR to 3.3%
Risk and intelligence firm Block Analitica has recommended boosting Makerdao's DAI Savings Rate (DSR) to 3.3%, as per a recent proposal submitted on Friday. Makerdao's DSR is a function that enables users to accrue interest on their DAI holdings by securing their DAI within DSR smart contracts.
'Brace yourself, DAI holders, for a DSR at 3.33%,' declared Makerdao's official Twitter account. 'An upcoming Executive Vote will deploy a new DSR raise, from 1% to 3.33%, if approved. This change was put forth by [Block Analitica] and submitted via the latest Stability Scope Parameter Changes,' the Makerdao team further elaborated.
At present, DAI ranks as the fourth-largest stablecoin asset by market capitalization, and it is supported by a substantial quantity of centralized stablecoins. Data on May 27, 2023, reveals that more than 24% of the collateral underpinning DAI consists of USDC, 10.4% comes from GUSD, and another 10.4% is comprised of USDP.
Only 11.5% is backed by ethereum (ETH), and an additional 8.5% is collateralized by Lido's staked ether (STETH). Over the past month, DAI's supply has diminished by 3.5%, and since February 2022, its market capitalizati...
|Fluid Finance Proposes to Integrate the DAI Decentralized Stablecoin Dir...
PRESS RELEASE. Fluid Finance submitted a proposal to integrate the DAI decentralized stablecoin directly into the traditional financial system. It would be the first time that a stablecoin could be purchased directly from a bank account.
Jessica Walker at Fluid said: “One of the problems with crypto is the lack of connection to the real world. Fluid solves that by integrating Dai directly into our accounts. Users can buy Dai directly from us using dollars, euros, pounds and dozens of other currencies. Dai holders can also now buy coffee on their Fluid Cards, which operate on the Mastercard network”.
Fluid offers traditional bank accounts in Europe and the UK and Fluid Accounts, which are open to anyone globally. Users can connect their Web3 wallets to these accounts, for a seamless TradFi - DeFi experience. “Gone are the days of having to go through an exchange,” - said Walker.
“Our main motivation was to offer an alternative to money transmitters, who charge exorbitant fees,” said Tina Bielowski. “We use Dai as part of our payment rails, together with integrations into the traditional system, and the end result is that the world’s poorest get a better deal. Even better, since the money is delivered directly to the user’s phone, it allows vulnerable people to have control of their financial life.”
Fluid’s own digital money provides the integration solution missing for so long in the crypto world. When combined...
|BitKeep Wallet Exploited for $8M in BNB, ETH, USDT, DAI
PeckShield, the blockchain analytics and security company, reported earlier today that some BitKeep wallet users had their funds drained from the platform.
According to the current estimations, the total amount stolen is roughly $8 million in various digital assets.
After Hacktober, which was the worst month in the crypto industry in terms of hacks and exploits, the attackers seem to be back on the offensive as of now.
The latest to fall victim is the BitKeep wallet, according to Peckshield. The security firm cited a BitKeep official, saying 'several users' funds were stolen.'
They blamed it on a hacked APK version previously downloaded. Some Twitter users confirmed it, saying they had received suspicious emails recently about downloading another version of the wallet, which they thought it could be phishing attacks.
PeckShield added that the amount of stolen cryptocurrencies is about $8 billion for now, including BNB, ETH, USDT, and DAI.
#PeckShieldAlert #BitKeep reported that several users' funds were stolen, the official stated that possibly due to downloading a hacked APK version
∼$8M worth of assets have been stolen so far, including ~4373 $BNB, 5.4M $USDT, 196k $DAI, and 1233.21 $ETH pic.twitter.com/ZdomZGFWRO
— PeckShieldAlert (@PeckShieldAlert) December 26, 2022
BitKeep confirmed the exploit on its official Telegram channel, urging users to transfer their funds to the official app available on Google Play Store or the App Store, if they had downloaded t...
|New Study Reveals Best Stablecoin, Why DAI Took The Crown
Decentralized stablecoin DAI, native to Maker protocol, might become a major leader in the sector over the coming years. The digital asset was the most stable of the stablecoin in a period of 9 months, according to research published by Best Brokers.
A stablecoin is a digital asset whose value is pegged to the U.S. dollar in a 1:1 parity. The concept is controversial in the crypto industry, as some of the most popular and valuable stablecoins have de-pegged and become unstable at some point except for those tokens considered “too centralized” by the community.
Users have been looking for a decentralized stablecoin for years, and with the failed Terra ecosystem, DAI might take this place and take over market share from the largest stablecoins, Tether (USDT) and USD Coin (USDC).
ETH's price moving sideways on the 4-hour chart. Source: ETHUSDT Tradingview
DAI More Stable Than Any Other Stablecoin
The study used data from Dune Analytics and explore popular stablecoins BUSD, DAI, FRAX, LUSD, USDC, and USDT. The research concluded that FRAX saw the least price deviation over the past 9 months.
The digital asset was stable at 99.75% of these periods, followed by DAI at 95.73%, and USDC at 99.72%. LUSD was the most unstable with a 0.5% deviation from its $1 peg at 53% of the 9-month period.
Of the stablecoins in the study, DAI, BUSD, and USDC have never deviated below $0.995 to the downside and $1.005 to the upside. As seen in the chart below, Tether (USDT) was the large...
|MakerDAO Users Can Now Mint DAI For Free
Users of MakerDAO, the organization behind DAI, will now be able to mint the stablecoin for free.
This was made possible after an executive vote increased the debt ceiling for its stETH vault to 200 million DAI.
The higher debt ceiling is expected to minimize its dependency on support from centralized collateral assets. As such, the governance voted on the proposal that sought to reduce the fees for six vaults. The main idea was to promote DAI mints against decentralized collateral.
Currently, MakerDao Governance has reduced the stability fee for the Wrapped stETH vault to 0%. This essentially means that users can now mint DAI for free rather than paying fees to Maker.
Announcing the same, MakerDAO tweeted,
'Free Dai minting? There is only one volatile-collateral vault type with a 0% Stability Fee — WSTETH-B. The latest Executive Vote raised its Debt Ceiling to 200 million Dai, and the Dai minted from this vault type is on its way to filling the available debt, again.'
To mint against WstETH, users will have to maintain a minimum collateralization ratio of 185%.
So far, 145.5 million DAI has already been minted against WstETH, with 55.5 million DAI available for minting.
The vote comes after a push by MakerDAO Founder Rune Christensen, who aims to revise the protocol's model and adapt to several challenges while minimizingDAI'ss reliance on USDC and real-world asset collateral over the coming years.
USDC happens to beDAI'ss largest source of backing and comprises ove...
|500,000 DAI From DAO Maker Exploit Was Sent Through Tornado Cash, Securi...
On September 8, the crypto security and smart contract auditing firm Certik revealed that 500,000 DAI was sent through the Tornado Cash mixing platform after the funds were stolen in August 2021. The digital assets originally stemmed from the DAO Maker breach that saw the loss of more than $7 million in ERC20 tokens and stablecoins.Address Directly Connected to DAO Maker Hack Sends 500,000 DAI Through Tornado Cash
Despite the U.S. government banning the Ethereum-based mixing application Tornado Cash, the application is still used regularly. On Thursday, the crypto security company Certik tweeted at 7:30 p.m. (ET) about the movement of DAI. 'We are seeing a movement of 500,000 DAI to Tornado Cash from EOA 0x0B789,' Certik said. 'The address is directly connected to the DAO Maker exploiter who stole funds from [the DAO Maker]. Stay safe out there.'
DAO Maker is a crowdfunding decentralized finance (defi) application and is not the same project as Makerdao, the issuer of the stablecoin DAI. The crypto-fueled fundraising protocol DAO Maker was hacked in August 2021, according to an ask-me-anything (AMA) event featuring DAO Maker's CEO Christoph Zaknun. The hackers were able to siphon $7 million in ERC20 tokens and stablecoins from 5,251 user accounts. At the time, the blockchain firm Cipherblade detailed it was conducting an investigation into the DAO Maker exploit.
In addition to Certik, the crypto security firm Peckshield confirmed that 500,000 DAI stemming from the August 202...
|MoonXBT adds new USDT spot markets in DAI, ADA, AVAX, LTC, FTT, LI...
MoonXBT, a crypto derivatives & social trading platform, has now announced it has successfully launched new USDT spot trading pairs in the following markets:
DAI/USDT, ADA/USDT, AVAX/USDT, LTC/USDT, FTT/USDT, LINK/USDT, and FTM/USDT.
The crypto margin trading platform offers up to 150x leverage and recently integrated fiat-gateway XanPool, to allow for easy deposits.
The post MoonXBT adds new USDT spot markets in DAI, ADA, AVAX, LTC, FTT, LINK, and FTM appeared first on CryptoNinjas.
|DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market C...
Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol's position as the top defi protocol in terms of total value locked (TVL).Makerdao's DAI Regains the Top Decentralized Stablecoin Position
This month, it's quite clear that the Terra LUNA and UST fallout has rippled across defi and the crypto ecosystem in general. Furthermore, the Terra implosion has allowed the stablecoin DAI to regain its position as the largest decentralized stablecoin in terms of market capitalization.
DAI is the fourth largest stablecoin but the top three (USDT, USDC, BUSD) are centralized stablecoin products. DAI is issued by the Makerdao (MKR) project and unlike an algorithmic stablecoin like UST, DAI leverages an overcollateralized loan and repayment process.
Today, DAI's market valuation is $6.24 billion but the stablecoin's market cap is down 27.3% over the last 30 days. While DAI remained stable, Terra's implosion sent shockwaves through the crypto community which in turn cut the TVL in defi in half. More than $2.6 billion worth of DAI was removed from circulation since May 1, 2022.
On May 28, DAI's largest trading pair is the U.S. dollar as it captures 30.96% of all DAI trades. Other large DAI trading pairs include USDC (21.18%), TUSD (17.71%), USDT (17.46%), WETH (8.17%), and EUR (2.31%).
DAI has seen $159,99 million in global ...
|Makerdao Plans to Integrate Ethereum L2 Solution Starknet to Lower DAI T...
The decentralized finance (defi) project Makerdao has announced its plans to support the zero-knowledge (ZK) rollup solution Starknet in order to make DAI transactions faster and network costs cheaper. Starknet will be integrated into the defi protocol on April 28, 2022, as part of Makerdao's multichain strategy expansion.Makerdao's Multichain Strategy Expansion Grows With Starknet Support
On Wednesday, the development team behind the Makerdao project revealed plans to integrate the Ethereum layer two (L2) scaling solution Starknet. The protocol Starknet is a product developed by the startup Starkware and it offers an L2 scaling solution with ZK-based computations that utilize validity proofs.
Makerdao is the issuer of the stablecoin DAI, and after Starknet is supported the team believes it will make DAI 'minting, trading and liquidation significantly faster.' Starknet's Makerdao integration follows the project's bridge deployments on Arbitrum and Optimism. A project contributor from Starknet Core Unit at Makerdao detailed that cross-chain bridge technology has swelled because of expensive gas fees.
'As we see unsustainable gas fees drive more activity and users to a wider variety of blockchains, security challenges that come with bridging will continue to grow,' the Starknet Core Unit contributor said in a statement sent to Bitcoin.com News. Projects must move on to Layer-2 to continue to serve users, and Makerdao is partnering with Starknet to do exactly that.'
|Hacker Siphons $3 Million Worth of DAI and ETH From Defi Protocol Deus F...
Another decentralized finance (defi) protocol was breached this week after it was discovered that a hacker exploited the bilateral over-the-counter (OTC) derivatives platform Deus Finance. According to a post mortem Twitter thread published by the security firm Peckshield, Deus lost around $3 million worth of ethereum and the stablecoin DAI.Attacker Steals $3 Million From Defi Protocol Deus Finance via Price Oracle Exploit
The crypto community has been conversing about another defi hack after a few reports noted the defi application Deus Finance was siphoned for $3 million in crypto assets. The defi analytics and security firm Peckshield explained how the incident happened on Twitter.
'Deus Finance was exploited - leading to the gain of ~$3M for the hacker (The protocol loss may be larger), including 200,000 DAI and 1101.8 ETH,' Peckshield said. The defi analytics company further added:
The hack is made possible due to the flashloan-assisted manipulation of price oracle that reads the price from the pair of StableV1 AMM – USDC/DEI, so that even normal users, unfortunately, become insolvent.
Native Token DEUS Slides More Than 6%, Deus Finance Closes Contract, Protocol's TVL Slides 20% Since Friday
The attack against Deus Finance follows a series of defi breaches in 2022, as defi exploits continue to ravage the community's trust. During the first week of February, it was discovered that the cross-chain bridge Wormhole suffered a $320 million hack.
However, Wormhole's pa...
|$3 Million in DAI and ETH Stolen From Deus Finance in the Latest DeFi Ha...
Deus Finance was exploited, according to data from PeckShield, with the attacker swiping around $3 million in DAI and Ethereum (ETH). The blockchain security company explained that the hack was due to a flash-loan manipulation of a price oracle.
PeckShield took it to Twitter on March 15 to outline the latest hack in the decentralized finance industry. This time, it was against Deus Finance – a multi-token DeFi marketplace allowing customers to build synthetic stocks, trading platforms, and other instruments.
The security resource attributed the attack to a “flash-loan-assisted manipulation of price oracle that reads the price from the pair of StableV1 AMM – USDC/DEI, so that even normal users, unfortunately, become insolvent!”
The firm said the hacker stole 200,000 DAO and 1101.8 ETH – or around $3 million worth of digital assets. However, it warned that the losses for Deus Finance could be even worse.
PeckShield also informed that the perpetrator funneled the funds to the cryptocurrency mixer TornadoCash through Multichain (previously Anyswap).
4) The initial funds to launch the hack are withdrawn from @TornadoCash and tunneled to Fantom via @MultichainOrg. The result gains are tunneled via @MultichainOrg and funds are now washed via @TornadoCash. pic.twitter.com/UlJgiJMsa6
— PeckShield Inc. (@peckshield) March 15, 2022
Shortly after, the team behind Deus Finance confirmed the reports about the exploit on Twitter. They explained that ...
|Total Supply Of Decentralized Stablecoin DAI Exceeds $10 Billion
Currently, DAI is the fifth-largest stablecoin by market capitalization.
Tether (USDT) may have continued to be the market leader after all these years, but DAI has the perk of being open-source and decentralized - something that's sought after in the DeF community.
According to Makerburn, the total supply of MakerDAO's DAI, a decentralized stablecoin, has shot up to a whopping $10 billion on February 8th. Moreover, its supply from stablecoin collateral stands at around 62%.
Over the past couple of years, DAI has found its niche as one of the most preferred stablecoins in decentralized trades. Despite Tether's controlling a lion's share of stablecoins in circulation and comfortably being the go-to stablecoin in dollar-based crypto trades, MakerDAO's native stablecoin has grown multi-fold.
DAI has witnessed an increased transfer volume towards the end of 2021. However, a recent report by Coin Metrics noted that this trend has changed as figures took a beating shortly thereafter. In fact, much of the total supply of the stablecoin has been moved to other sidechains or layer-2 ecosystems with the help of 'bridges' between these networks.
It is also important to note that DAI has found significant viability across several Ethereum-based decentralized finance (DeFi) protocols that use the decentralized token as a source of collateral or liquidity. Its use case bolstered as volatility picked up in the crypto markets.
DAI is built on Ethereum and
is stabilized to the val...
|Technical Analysis: DAI Overtakes Cosmos, as Warner Deal Sends the Sandb...
The price of cosmos (ATOM) continued to decline on Thursday, while sandbox rallied following its partnership with Warner Music Group. Overall, crypto prices were trading 3% lower in today's session, after yesterday's FOMC announcement.
The token sandbox (SAND) was one of Thursday's biggest gainers, climbing by as much as 8 %, as prices rose following news of a partnership with WMG.
It was announced that the partnership was made with the hopes of creating a concert venue/theme park within the metaverse.
SAND/USD hit an intraday high of $3.54 on the news, which is its highest level in five days, and comes after a rally from support of $2.99.
Today's move has helped to propel SAND into the crypto top 40, replacing helium (HNT) in the process.
Looking at the chart, prices have somewhat tailed off from today's earlier highs, and now sit below a short-term ceiling of $3.57.
Many now wait to see the impact this partnership will have on the future of the metaverse.
Cosmos (ATOM) was down for a second consecutive session, falling to an intraday low of $30.14 in the process. This decline pushed cosmos below DAI, resulting in it becoming #20 in cryptocurrency market cap.
The move saw ATOM/USD extend its recent selloff, which began at the resistance level of $36.30 earlier in the week.
Over the weekend, ATOM attempted to break above this ceiling, however, market strength faded, once the RSI level of 50 impeded any further gains.
This level has acted ...